As of September 28, 2020, there were an aggregate of 475.8 million shares of common stock that will be permitted to be sold starting on the first day of trading pursuant to Palantir’s market standoff or lock-up agreements. These 475.8 million shares consisted of (i) an aggregate of 407.7 million shares of common stock, including shares issuable upon exercise of outstanding stock options, and (ii) an aggregate of 68.1 million shares of common stock issuable upon vesting of restricted stock units in connection with the listing (“RSUs”). We estimate that, as of September 28, 2020, greater than 90% of the 475.8 million shares of common stock that are permitted to be sold under market standoff or lock-up restrictions consisted of outstanding shares of Class A common stock or shares of common stock underlying stock options or RSUs.The outstanding RSUs, which are held by current and former employees and other service providers, are expected to vest and settle into an aggregate of 68.1 million shares of Class A common stock in connection with the listing. Of these shares, approximately 25.8 million shares are expected to be sold throughout the first day of trading to fund personal tax withholding and remittance obligations arising in connection with the RSUs.
As of September 28, 2020, there were an aggregate of 475.8 million shares of common stock that will be permitted to be sold starting on the first day of trading pursuant to Palantir’s market standoff or lock-up agreements. These 475.8 million shares consisted of (i) an aggregate of 407.7 million shares of common stock, including shares issuable upon exercise of outstanding stock options, and (ii) an aggregate of 68.1 million shares of common stock issuable upon vesting of restricted stock units in connection with the listing (“RSUs”). We estimate that, as of September 28, 2020, greater than 90% of the 475.8 million shares of common stock that are permitted to be sold under market standoff or lock-up restrictions consisted of outstanding shares of Class A common stock or shares of common stock underlying stock options or RSUs.<br><br>The outstanding RSUs, which are held by current and former employees and other service providers, are expected to vest and settle into an aggregate of 68.1 million shares of Class A common stock in connection with the listing. Of these shares, approximately 25.8 million shares are expected to be sold throughout the first day of trading to fund personal tax withholding and remittance obligations arising in connection with the RSUs.
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